Power purchase agreements
Power purchase agreements (PPAs) are also known as power supply and power offtake agreements. Statkraft is a leading provider of PPAs throughout Europe and offers various contract models.
PPAs for plant operators, project developers and investors
We offer PPAs suitable for all intermittent energy sources and flexible assets as well as projects that are bank or equity-financed to enable their development:
- different pricing models and durations of contract,
- turnkey optimisation for flexible generation,
- physical or financial.
PPAs for commercial and industrial companies
PPAs are power supply contracts. In addition to matching individual procuremenent strategies, power purchase agreements are excellent hedging instruments and provide risk mitigation for your portfolio:
- different delivery models and contract durations,
- tailored pricing schemes to accommodate the customer's supply and hedging strategies,
- with or without guarantees of origin,
- Statkraft can cover up to 100 per cent of the electricity consumption with renewable energy.
"Statkraft provides competitive and innovative services related to power sales and procurement to all participants in the Finnish market. We provide energy solutions and risk management strategies to power plant owners and developers – and we offer renewable power procurement and attractive hedging solutions for industrial companies. Statkraft reduces risks and complexity in the market."
Statkraft matches the needs of all parties
One of the challenges in the energy market is that owners of renewable plants and power consumers do not have the same needs. One wants uninterrupted supply, the other can only sell power when it is produced according to weather conditions.
To resolve this conflict, Statkraft meets the needs of both parties:
- Offering predictability and security of supply to consumers thanks to a large portfolio of power plants combining water, solar and wind to ensure a steady supply.
- Providing financial predictability and security for plant owners through the ability to generate stable, predictable revenues.
These companies trust us
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Kemira
Statkraft and Kemira, provider of sustainable chemical solutions for water-intensive industries, have entered two long-term power purchase agreements. The latest PPA secures an annual delivery of almost 44 GWh renewable energy until 2031 to Kemira’s production facilities in Finland.
To the press release
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Mercedes-Benz
Statkraft, together with Enovos, is integrating solar and wind power volumes on an industrial scale into the Mercedes-Benz green power concept. Through the "Pure Statkraft" concept, Statkraft supplies the automotive company with 100 % renewable energy at all times.
To the press release
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gargantiopaZF Friedrichshafen
Statkraft supplies ZF with 250 gigawatt hours of wind power for its plants and office locations in Germany. The wind PPA supports the automotive supplier on its way to switching all locations to 100 percent green power by 2030.
To the press release
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Nestlé
Statkraft supplies the food company Nestlé with around 109 GWh of wind power for four of its sites in Germany. The wind power PPA supports the food company in shifting all locations to 100 percent green electricity by 2025.
To the press release
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Vodafone
Statkraft and Vodafone in Germany have signed an agreement enabling the telecommunications company to lower its CO2 emissions with German and Norwegian wind and hydropower in an order of 500,000 MWh. The two companies have been using exclusively renewable energy from Germany since 1 January 2021.
To the press release
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OPTERRA
Statkraft has signed two power purchase agreement (PPA) with OPTERRA, one of Germany's leading cement manufacturers, on the supply of renewable power from onshore wind and solar power. The PPAs enable OPTERRA to further transition its plant operations to a renewable energy supply.
To the press release
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Fortia
Fortia Energía, the power management platform for large industrial consumers, and Statkraft have signed a long-term power purchase agreement (PPA) comprised exclusively of wind energy to supply Spain’s large industry. The agreement runs through 2029.
To the press release
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Neste
Statkraft and industrial company Neste have signed a 10-year power purchase agreement enabling the Finnish company to reduce greenhouse gas emissions with power from a Finnish wind farm under construction. The annual total volume of the wind PPA is approximately 215 GWh.
Customer Story
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FabrikaPhotoSchaeffler
Statkraft will supply the globally active automotive and industrial supplier Schaeffler with 11 percent of its electricity requirements from two German solar parks starting 2023 and for 10 years.
To the Press release
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lightzoneUmicore
Statkraft and Umicore have signed a ten-year wind PPA, covering parts of the needs of their Kokkola site in Finland, where Umicore produces parts for rechargable batteries used for electric cars.
To the press release
Leader in PPAs
In Europe, we are the no. 1 producer of renewable power and a leading provider of power purchase agreements. We are Norwegian state-owned and have an A- credit rating.
Since 1895
Statkraft offers sustainable green energy solutions globally based on our 125 years of expertise in developing, building and operating hydropower, solar and wind installations.
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